Harvest Gold Corporation (HVG – TSX.V) December 30, 2010 (the “Company”) is pleased to announce that it has closed the non-brokered private placement previously announced on December 21, 2010. The Company has raised an aggregate total of $165,000 through the issuance of 1,650,000 flow-through units at a price of $0.10 per unit. Each unit consisted of one flow through common share and one half of one share purchase warrant. Each whole warrant is exercisable into one common share for a period of one year from the closing of the placement at an exercise price of $0.15 per share.

All securities are subject to a four month hold period which expires May 1, 2011.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company controls 100% interests in the advanced-stage Rosebud Gold Mine property, and generative gold properties at Garcia Flats in the South Carlin Trend and the RW property in the southern Battle Mountain - Eureka Trend. In Manitoba, Harvest is engaged in early-stage exploration of three groups of 100% owned claims in the Rice Lake Gold Belt and holds a 40% interest in the more advanced-stage, Assean Lake project.

On behalf of the Board of Directors,

John Roozendaal
President
Harvest Gold Corporation